Udupi Cochin Shipyard Limited has secured an order from Ocean Sparkle Limited for the construction of three 70 T bollard pull power ASD Tugs. With successful delivery of two 62 T bollard pull ASD tugs earlier, UCSL continues to show its commitment to quality and timely delivery.
The event, ‘Port of Prosperity’, celebrated JNPA’s growth in the Indian shipping industry. With a historic throughput of 6.43 million TEUs in FY 2023-24, the port has led in digitization, automation, and sustainability. MOUs worth Rs 40,000 Crore were signed for a Greenfield Port. Chairman Wagh highlighted JNPA’s commitment to innovation and community development.
Ancillary industries and local SMEs in Asia will see a surge in business opportunities due to the shift in supply chains. Indian companies like Reliance Industries Ltd. are expected to benefit greatly. The China Plus One strategy will benefit electronics, autos, solar energy, pharmaceuticals, and defense sectors, with India’s exports set to grow significantly by 2030.
The addition of 5MTPA capacity at the Dahej terminal is scheduled for completion by March 2025. In FY-24, the terminal processed 865 TBTU of LNG, a significant increase from the previous year. Petronet also has 5MTPA capacity in Kochi and plans for an LNG terminal at Gopalpur Port, expected to be completed in three years.
Siemens Gamesa to supply turbine for new hybrid unit at North Star’s fleet of renewable vessels. Cochin Shipyard secures contract for service operations vessels on Vard 4 19 design. North Star orders varied design vessels at Cochin Shipyard for EnBW’s wind farm off Germany, featuring electric propulsion and motion compensated gangway system.
DP World achieves a monumental feat with ICTT handling its largest-ever container vessel, MSC MARA. This marks the highest throughput ever achieved on the MSC MARA at ICTT, with exceptional support from Cochin Port Authority. The terminal’s growth and strategic importance as a gateway for cargo movement in South India are highlighted.
The rate quoted by Adani ports is significantly lower than the port authority’s set brackets. The contract, pending Kolkata Port Authority’s approval post Lok Sabha elections, will enable APSEZ to enhance its presence on the east coast. Investment of Rs.569.85 crore is slated for infrastructure upgrades, including new cranes and equipment.
APM Terminals Pipavav reported a 9% net profit growth to INR 3,409.83 million in FY24. Revenue rose by 8% to INR 9,884.29 million. Container cargo business increased by 6% to 808,000 TEUs. Managing Director, Mr. Girish Aggarwal, attributed the growth to operational excellence and commitment to customer service.
The shortage of on-board training berths for Indian seafarers is causing concern within the maritime industry. Entry-level seafarers must undergo…
The India Coast Guard recently conducted two successful rescue operations to save stranded individuals in separate incidents. On May 19,…
The Shipping Ministry of India aims to transition 80% of major ports to the landlord model by 2030. This strategy involves port authorities as regulators and landlords, with private companies managing operations. The shift is expected to improve efficiency, attract investment, and upgrade infrastructure to global standards, enhancing competitiveness and support.
The Ministry of Ports, Shipping and Waterways (MoPSW) recently recognized 27 women seafarers for their significant contributions to the maritime…
The first quarter of 2024 saw a significant increase in container movements at Indian ports, with Kattupalli port leading with a 91% yearly growth. Oceanside port productivity improved, with Jawaharlal Nehru Port showing a 36% performance boost. Berth productivity remained stable, with Pipavav port excelling with 125 BPMH. Import dwell time decreased significantly, while export dwell time increased. Vessel waiting time decreased at major Indian ports, showing positive trends in port efficiency.
Iran is looking into potential investments by India in the Chabahar region following a recent agreement for India to operate the Chabahar port. The deal is seen as a significant move to enhance trade between the two countries, with potential benefits for India’s connectivity to Central Asia and beyond. The strategic importance of the port is highlighted, as well as the potential for India’s maritime expertise to be utilized in managing the facility. The agreement is viewed as a positive development in the relations between India and Iran and could open up new trade routes and supply chain options for both countries and beyond.
The shipping ministry aims to transition to an 80% landlord model by the end of the decade to boost efficiency and cut logistics costs at major ports. Private players will handle operations while port authorities act as regulators and landlords. JNPT has already achieved 100% landlord status, setting a precedent for other ports.
